Property investors who have had real estate in Berala, 2141 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.89%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Berala has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.88%, investors should hope to achieve an overall return of 2.86%
Investment property in Berala has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.11%
Taking the average capital gain, or increase in median house value, Berala,2141 has racked up an average of -11.11% over the period. This ranks it number 1209th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Berala is offering property investors an average of -4.57. This rate of discount on properties puts Suburb at number 277th in terms of most discounted suburbs in NSW